The Urban Redevelopment Authority (URA) has put up an industrial site at Pioneer Road North for public tender. The land parcel was available for sale through the Reserve List system in February this year. The tender was triggered because URA has received an application from a developer for the site on June 3. The developer has committed to bid at a price of not less than S$23.8 million for the land...
Singapore Industrial
Industrial and residential projects with affordable prices continue to attract demand. MCL Land has marketed 150 of the 200 units it has launched at its 414-unit Terrasse condo in Hougang. “Before we began sales last Saturday (May 21), we had intended to release only 120 units initially. But because demand was strong, we released another 80,” said Koh Teck Chuan, MCL Chief Executive. The units in...
SINGAPORE: The Urban Redevelopment Authority (URA) has launched the tender for an industrial site at Tuas View Square. The land parcel was available for sale through the Reserve List system in November last year. The tender was triggered because URA has received an application from a developer for the site. The developer has committed to bid at a price of not less than S$4.9 million for the land...
Industrial property - a less glamorous and often neglected asset class that includes business parks, high-tech industrial space, factories and warehouses - has been thrust into the limelight in Singapore following its stellar performance in the first quarter of the year. According to the Urban Redevelopment Authority, the sector clocked rental and capital value gains of 6.3 and 8.3 per cent, respectively,...
Industrial property markets worldwide showed signs of recovery in the second half of 2010, led by the Asia Pacific region. This is according to a report by international property consultant, Colliers International, which tracked the performance of industrial property rents across 150 cities. Singapore retained its position as the seventh most expensive location for prime warehouse space at US$15.71 per...
Rents for high-tech industrial properties in Singapore grew at a faster rate in the first quarter, DTZ Research said yesterday. The average rent for high-tech properties, which include business parks, rose 3.1 per cent quarter-on-quarter to S$3.30 per sq ft per month in the first three months of the year, following a 1.6-per-cent increase in the previous quarter. Rents for conventional industrial space...
Rents for hi-tech industrial properties in Singapore grew at a faster rate in the first quarter. According to DTZ Research, the average rent for hi-tech properties, which include business parks, rose 3.1 per cent quarter-on-quarter to S$3.30 per square foot per month in the first quarter. It had increased 1.6 per cent in the previous quarter. Rents for conventional industrial space also continued on its...
The Urban Redevelopment Authority (URA) has awarded the tender for the industrial site at Ang Mo Kio Street 62 to Sim Lian Development. The developer submitted the highest bid of about S$128.1 million out of 13 bids received by URA for the 27,950 square metre land parcel. The industrial site was offered for sale on a 60-year lease term, with a maximum permissible gross plot ratio is 2.5. The land is...
JTC Corporation has invited local and foreign firms to submit proposals on industrial infrastructure development. JTC said on Wednesday that it has launched a "Request For Proposal" (RFP), seeking cutting-edge ideas on intensifying land use and accelerating construction time. A S$5m innovation fund has been set aside to support and develop ideas that will create new industrial infrastructure solutions to...
JTC Corporation has launched the site at Fusionopolis Link, for Fusionopolis Phase 3, for sale by public tender. The 6,253 square metre site has a 60-year lease and is on the Confirmed List of the Industrial Government Land Sales programme. With a plot ratio of 4.0, the zoned business park has set aside 40 per cent of its space for offices. JTC said Fusionopolis is the key development at one-north that...